Bryn Mawr Capital Management LLC Invests $523,000 in Walmart Inc. (NYSE:WMT)

Bryn Mawr Capital Management LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,963 shares of the retailer's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. Norges Bank bought a new stake in shares of Walmart in the fourth quarter worth about $5,737,355,000. Northern Trust Corp grew its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after buying an additional 514,036 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 0.3%

Shares of WMT stock opened at $95.11 on Thursday. The stock has a market cap of $759.04 billion, a P/E ratio of 40.65, a PEG ratio of 4.59 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's fifty day simple moving average is $96.89 and its two-hundred day simple moving average is $94.56.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

Several analysts have commented on WMT shares. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Mizuho boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Truist Financial boosted their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the transaction, the chief executive officer directly owned 4,431,783 shares in the company, valued at $430,724,989.77. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the transaction, the executive vice president owned 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,951 shares of company stock worth $13,543,436 over the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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